Norwegian Air Shuttle ASA (OSL:NAS)

Norwegian Air Shuttle ASA Financials Overview

Financials in millions NOK. Fiscal year is January - December.

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	31,182	37,646	35,317	25,539	18,869	5,068
Revenue Growth	-15.03%	6.59%	38.29%	35.35%	272.34%	-44.28%
Gross Profit Gross Profit Growth	4,184	11,216	10,758	8,198	4,293	-863.5
Operating Income Operating Income Growth	2,269	3,732	1,873	2,232	1,502	-2,786
Net Income Net Income Growth	1,616	2,708	1,355	1,737	1,006	1,871
Earnings Per Share EPS Growth	1.52	2.49	1.20	1.54	0.89	2.68
EPS Growth	0.66%	107.50%	-22.08%	73.03%	-66.79%	-

Revenue by Segment

Chart

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024
Elimination Elimination Growth	-348	-349	-269
Widerøe Widerøe Growth	8,020	7,903	7,241
Norwegian Norwegian Growth	30,415	30,092	28,344
Total Total Growth	38,087	37,646	35,316

Cash & Debt

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	13,700	10,059	10,880	9,494	7,763	7,695
Total Debt Total Debt Growth	18,965	19,551	16,078	15,530	11,886	11,185
Net Cash (Debt) Net Cash Growth	-5,265	-9,492	-5,198	-6,036	-4,123	-3,491
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-5.00	-8.74	-4.61	-5.36	-3.66	-5.00

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	6,824	7,840	6,946	5,258	2,426	139.1
Capital Expenditures CapEx Growth	-3,007	-5,410	-1,232	-502.9	-854.6	-6.1
Free Cash Flow Free Cash Flow Growth	3,817	2,430	5,714	4,755	1,571	133
Free Cash Flow Growth	-8.46%	-57.47%	20.18%	202.63%	1081.28%	-

Margins

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	13.42%	29.79%	30.46%	32.10%	22.75%	-17.04%
Operating Margin	7.28%	9.91%	5.30%	8.74%	7.96%	-54.97%
Pretax Margin	4.80%	8.01%	3.84%	7.06%	5.55%	37.02%
Profit Margin	5.18%	7.19%	3.84%	6.80%	5.33%	36.91%
FCF Margin	12.24%	6.45%	16.18%	18.62%	8.33%	2.62%

Dividends

Chart

Fiscal Year	Current	FY 2025
Period Ending	Aug 5, 2026	Dec 31, 2025
Dividend Per Share Dividend Per Share Growth	1.600	1.700
Dividend Per Share Growth	0%	-
Dividend Yield	12.02%	5.35%

Valuation

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	8.67	7.01	9.17	6.96	8.25	4.01
Forward PE	7.44	8.52	6.60	11.85	20.82	12.07
P/FCF Ratio	2.90	7.58	1.86	2.17	4.35	75.05
PS Ratio	0.37	0.49	0.30	0.40	0.36	1.97

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 13, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

Data Sources Report a data error